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Ram Fincorp offers online loans of up to ₹2 lakh for eligible borrowers. The application process is digital, with loan tenures of up to 12 months depending on the product. EMI loan interest rates currently range from 15% to 365% p.a., while processing fees may range from 2.5% to 10%, plus applicable taxes. Loan approval and disbursal are subject to the lender's eligibility and verification process.
Ram Fincorp Personal Loan – Key Highlights
Loan Amount | ₹1,000 – ₹2,00,000 |
|---|---|
Interest Rates | Starting at 15% p.a. |
Repayment Tenure | 2 months to 12 months |
Processing Fees | 2.5% to 10% of the loan amount |
Minimum Monthly Income | ₹15,000 |
Age Requirement | 18 years to 58 years |
Loan Approval Time | Up to 2 minutes |
Disclaimer: The features, application process, and all other information specified above, including rates, prices, and other critical information, are as of the date this page was created and are subject to change. Contact the relevant authority or visit their official website for accurate information.
Key Features and Benefits of Ram Fincorp Loan
- Quick Online Application: Borrowers can apply digitally without visiting the branch. This makes the application process convenient and accessible.
- Fast Approval and Disbursal: The Ram Fincorp loan approval process is quick, with disbursals happening within a few hours after approval.
- Minimal Documentation: You will get your Ram Fincorp personal loan credited to your account with minimal KYC documents, income, and bank-related information.
- 24x7 Customer Service: Ram Fincorp's round-the-clock customer service is one of its main highlights.
- Flexible Repayment Process: Borrowers can repay through EMIs or other repayment options, depending on the loan product.
- Digital and Paperless Process: Ram Fincorp follows an entirely digital loan application process. You can submit the loan application form online and upload documents. You can also complete the loan verification online.
- Unsecured Personal Loan: Ram Fincorp offers personal loans to eligible borrowers without any collateral, provided they meet the lender's eligibility criteria.
- Suitable for Various Needs: Personal loans can be used for various needs such as medical expenses, education, travel, wedding, home renovation, and debt consolidation.
- Faster Access to Funds: Quick approval is useful when you need funds for urgent expenses.
Ram Fincorp Personal Loan Interest Rates 2026
Ram Fincorp loan interest rates vary based on the loan type and borrower profile. EMI loan rates currently range from 15% to 365% p.a., while payday loan rates range from 0.08% to 1% per day. Check the applicable rate, fees and repayment terms in the loan offer before applying.
Eligibility Criteria for Ram Fincorp Loan
Here's a quick checklist to see if you qualify:
- Age: 18 to 58 years old
- Citizen of India
- Valid ID Proof: Either a PAN card/ Aadhaar card
- Stable source of income for the past 6 months.
- Minimum monthly income of ₹15,000 and above.
- Instant loan for private sector employees and small business owners.
- A good credit score of 600 and above.
Documents Required
Use the following checklist to keep your application process smooth and hassle-free:
- KYC documents. This includes an Aadhaar card and PAN card for your loan application.
- PAN card
- Aadhaar card
- Salary and Bank statements for the past 3 months
Ram Fincorp Loan Charges and Fees
The following are some of the other charges and fees that comes with the Ram Fincorp personal loan.
Processing Fees | 2.5% to 10% of the loan amount |
|---|---|
Penal Charges | 0.1% per day on the outstanding loan principal |
Foreclosure Charges | 3% of the outstanding principal after 3 months for EMI loans |
Late Payment Charges | ₹500 |
Repayment Mode Swap Charges | ₹1,000 + applicable taxes for changing the EMI due date, bank account or repayment mode |
Documentation Charges | Nil |
Bounce Charges | ₹590 per bounce |
Disclaimer: The features, application process, and all other information specified above, including rates, prices, and other critical information, are as of the date this page was created and are subject to change. Contact the relevant authority or visit their official website for accurate information.
Ram Fincorp Personal Loan EMI Calculation
A Personal Loan EMI (Equated Monthly Installment) is the fixed amount a borrower pays each month to repay the loan. The EMI generally consists of two components: principal repayment and interest. Ram Fincorp provides an online personal loan EMI calculator that lets borrowers estimate their EMI, total interest payable, and total repayment amount by entering the loan amount, interest rate, and repayment tenure.
Formula for Calculating Personal Loan EMI
The standard EMI formula is:
EMI = P × R × (1 + R)ⁿ / [(1 + R)ⁿ − 1]
Where:
- P = Principal loan amount
- r = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- n = Loan tenure in months
For example, suppose you borrow ₹1,00,000 at an interest rate of 24% per annum for 6 months.
Principal (P) = ₹1,00,000
Annual interest rate = 24%
Monthly interest rate (R) = 24 ÷ 12 ÷ 100 = 0.02
Tenure (N) = 6 months
Therefore:
EMI = ₹1,00,000 × 0.02 × (1.02)⁶ ÷ [(1.02)⁶ − 1]
The approximate EMI would be ₹17,855.
The total repayment would be approximately ₹1,07,130, while the total interest would be around ₹7,130.
How to Apply for Ram Fincorp Loan Online
Follow these steps to apply for the Ram Fincorp online personal loan.
- Click the Apply Now button on the web page.
- You will be redirected to form on the page.
- Type the mobile number.
- Click the Get OTP button.
- Verify it through your mobile number.
- Click the Verify OTP button.
- Select the bank from the displayed list.
- Click the Continue button.
- You need to link your bank account with the loan account.
- Give your consent to confirm your bank account.
- The approved loan amount based on your profile is displayed.
- You need to provide your approved bank account number along with its IFSC code.
- Your KYC verification process gets started.
- Verify your Aadhaar card through your mobile number.
- You need to provide a selfie through the built-in camera for approval.
- Upload the KYC documents for approval of the loan amount.
- After you upload the KYC documents, Ram Fincorp will verify them, and the loan will be disbursed to your bank account.
Ram Fincorp Loan Repayment Status
You can check your Ram Fincorp loan repayment status through the lender's official digital channels. The exact steps may vary depending on how your loan was processed.
Typically, you may need to:
- Log in to the official Ram Fincorp loan portal or app using your registered details.
- Open your loan account or repayment section.
- Check details such as EMIs paid, upcoming instalments, outstanding balance and repayment history.
- If the status is not updated or you notice an incorrect entry, contact Ram Fincorp's official customer support with your loan details.
Tip: Keep your payment receipt or transaction reference after every EMI payment. It can be useful if you need to verify or dispute a repayment entry.
Note: Repayment-status updates may take some time after a payment is made. Always rely on the lender's official records for the latest loan status.
Ram Fincorp Loan Customer Care
- Customer Care Number:+91 8796552616
- WhatsApp: Have queries? WhatsApp us, we are just a message away! +91 6385172692
- Email Support: info@ramfincorp.com
- Support Hours: 10:00 AM to 6:00 PM (Mon-Sat)
- Grievance Redressal Officer
- Mr. Pankaj Joshi
- New Delhi
- Phone: +91 8796747113
- Email: grievance@ramfincorp.com
- Timing: 10:00 AM to 6:00 PM (Mon-Sat)
- Address: 8/9, Pusa Road, Block 8, WEA, Karol Bagh, New Delhi - 110005
Disclaimer: The interest rates, loan amount, charges, eligibility criteria, and steps to apply are as of when this page was written and are subject to change. For exact information, refer to the official portal of TVS Credit or contact the lender.
Frequently Asked Questions
1. What is the interest rate on a Ram Fincorp loan?
Ram Fincorp’s interest rate varies by loan type. EMI loans may carry rates from 15% to 365% p.a., while payday loans may be charged at 0.08% to 1% per day. The applicable rate depends on the loan product and borrower profile, so check the loan offer and KFS for the exact rate before accepting.
2. How much loan can I get from Ram Fincorp?
Eligible borrowers may be able to get a loan of up to ₹2 lakh, depending on the loan product and the lender's assessment.
3. Is it safe to take a loan from Ram Fincorp?
Yes. It is absolutely safe to take a loan from Ram Fincorp. They have a streamlined process for loan approval and disbursal. Moreover, they are one of the perfect choices when you want to go in for a quick and instant loan solution.
4. How long does Ram Fincorp take to disburse a loan?
After successful verification and approval, Ram Fincorp states that the loan amount may be disbursed within 2 hours to the registered bank account. The actual time may vary depending on verification and technical processing.
5. Does Ram Fincorp charge a processing fee?
Yes. A processing fee may apply based on the loan product, generally ranging from 2.5% to 10% of the loan amount, along with applicable taxes. The exact fee payable will be specified in the Key Fact Statement (KFS) before you accept the loan.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.
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